UiPath, Inc. PATH

Technology SIC 7372 - Services-Prepackaged Software NAICS Information › Publishing Industries › Software Publishers derived NYSE

First established in Bucharest, Romania in 2005, UiPath was incorporated in Delaware in 2015 as a company principally focused on building and managing automations, starting with computer vision technology and user interface automations in our initial RPA offering, which remains the foundation of our platform today. Over the course of the past several years, we have followed a strategy of leveraging advances in AI to broaden our capabilities.

Building upon decades of leadership in automation, UiPath is pioneering the evolution from rule-based automation to intelligent agentic automation. The UiPath Platform™ uniquely combines controlled agency, developer flexibility, and seamless integration to help organizations scale agentic automation safely and confidently. Committed to security, governance, and interoperability, we support enterprises as they transition into a future where automation delivers on the full potential of AI to transform industries.

Last close 14.13 2026-10-23
Market cap $7.40B estimated share count
52-week range 9.20 - 19.84

Valuation FY2025 figures against the last close

P/S4.6x
P/E27.2x
P/FCF21.0x
EV/EBITDA118.3x
Dividend yield—
Diluted EPS0.52

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Americas
  • Europe, Middle East, and Africa
  • Asia-Pacific
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 Americas, FY2025: 798.6M (49.6%) 50% Americas Europe, Middle East, and Africa, FY2025: 527.8M (32.8%) 33% Europe, Middle East, and Africa Asia-Pacific, FY2025: 284.3M (17.6%) 18% Asia-Pacific FY2024 Americas, FY2024: 695.1M (48.6%) 49% Europe, Middle East, and Africa, FY2024: 457.7M (32.0%) 32% Asia-Pacific, FY2024: 276.9M (19.4%) 19% FY2023 Americas, FY2023: 631.9M (48.3%) 48% Europe, Middle East, and Africa, FY2023: 415.9M (31.8%) 32% Asia-Pacific, FY2023: 260.2M (19.9%) 20%
Region FY2025FY2024FY2023
Americas $798.6M $695.1M $631.9M
Europe, Middle East, and Africa $527.8M $457.7M $415.9M
Asia-Pacific $284.3M $276.9M $260.2M

As the company reported it, from the “Revenue Recognition - Disaggregation of Revenue by Geographic Region (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue $1.61B$1.43B$1.31B$1.06B$892.3M$607.6M$336.2M—
Cost of revenue $271.0M$246.9M$195.9M$180.1M$168.9M$65.9M$59.4M—
Gross profit $1.34B$1.18B$1.11B$878.5M$723.4M$541.8M$276.8M—
R&D $385.2M$380.7M$332.1M$285.8M$276.7M$109.9M$131.1M—
SG&A $214.3M$226.1M$231.6M$239.5M$250.0M$162.0M$179.6M—
Total operating expenses $1.28B$1.35B$1.28B$1.23B$1.22B$652.1M$794.0M—
Operating income $56.8M-$162.6M-$164.7M-$348.3M-$500.9M-$110.3M-$517.3M—
Pre-tax income $100.6M-$78.1M-$75.8M-$317.6M-$510.9M-$94.7M-$517.1M—
Income tax $181.7M$4.4M$14.1M$10.8M$14.7M$2.3M$2.8M—
Net income $282.3M-$73.7M-$89.9M-$328.4M-$525.6M-$92.4M-$519.9M—
EPS, basic 0.52-0.13-0.16-0.60-1.16-0.55-3.41—
EPS, diluted 0.52-0.13-0.16-0.60-1.16-0.55-3.41—
Shares, diluted (wtd. avg.) 544.9M559.9M563.9M548.0M454.6M168.3M152.4M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $871.2M$879.2M$1.06B$1.40B$1.77B$371.2M$234.1M$172.1M
Short-term investments $601.3M$750.3M$818.1M$354.8M$96.4M$102.8M——
Receivables $488.3M$451.1M$436.3M$374.2M$252.0M$172.3M——
Total current assets $2.24B$2.34B$2.58B$2.34B$2.28B$734.4M——
Property, plant and equipment $46.0M$32.7M$24.0M$29.0M$17.2M$14.8M——
Goodwill $125.3M$87.3M$89.0M$88.0M$53.6M$28.1M$25.3M—
Other intangibles $20.0M$7.9M$14.7M$23.0M$16.8M$10.2M——
Total assets $3.18B$2.87B$2.95B$2.74B$2.57B$866.5M——
Accounts payable $10.2M$33.2M$3.4M$8.9M$11.5M$6.7M——
Total current liabilities $905.4M$798.9M$711.7M$626.5M$527.5M$365.2M——
Total liabilities $1.10B$1.02B$938.6M$815.0M$650.5M$448.2M——
Retained earnings -$1.71B-$1.99B-$1.91B-$1.82B-$1.50B-$970.4M——
Total equity $2.08B$1.85B$2.02B$1.92B$1.92B-$803.7M-$799.5M-$297.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow $371.2M$320.6M$299.1M-$10.0M-$55.0M$29.2M-$359.4M—
Depreciation and amortisation $5.8M$8.1M$11.1M$8.6M$6.8M$8.4M$7.6M—
Stock-based compensation $290.7M$358.2M$372.0M$369.8M$515.6M$86.2M$137.9M—
Capital expenditure $19.0M$14.9M$7.3M$23.8M$8.9M$2.0M$15.7M—
Investing cash flow -$22.5M-$45.5M-$439.6M-$289.1M-$35.4M-$126.0M-$39.5M—
Financing cash flow -$372.4M-$450.5M-$196.9M-$60.7M$1.47B$250.4M$457.8M—
Buybacks $329.1M$390.8M$102.6M$0$0$0$128.8M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001734722-26-000027.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B Revenue, FY2019: 336.2M Gross profit, FY2019: 276.8M Net income, FY2019: -519.9M Revenue, FY2020: 607.6M Gross profit, FY2020: 541.8M Net income, FY2020: -92.4M Revenue, FY2021: 892.3M Gross profit, FY2021: 723.4M Net income, FY2021: -525.6M Revenue, FY2022: 1.1B Gross profit, FY2022: 878.5M Net income, FY2022: -328.4M Revenue, FY2023: 1.3B Gross profit, FY2023: 1.1B Net income, FY2023: -89.9M Revenue, FY2024: 1.4B Gross profit, FY2024: 1.2B Net income, FY2024: -73.7M Revenue, FY2025: 1.6B Gross profit, FY2025: 1.3B Net income, FY2025: 282.3M FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $336.2M $607.6M $892.3M $1.06B $1.31B $1.43B $1.61B
Gross profit — $276.8M $541.8M $723.4M $878.5M $1.11B $1.18B $1.34B
Net income — -$519.9M -$92.4M -$525.6M -$328.4M -$89.9M -$73.7M $282.3M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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